Ecclesall Heights, S10 with 6.2% Yield
Slightly overpriced for a small 1 bed located just off Ecclesall Road, I would expect to see this property on the market for much longer than needs be.
I would anticipate offers of Â£90,000 – Â£95,000 to be submitted for this property. It is small and overlooking a very busy main road.
The rent achieved for a property of this size is anywhere up to Â£575pcm. If the seller sticks to their guns and chooses to only sell for asking price, the yield on the property could still be 6.2% which isnâ€™t bad but isnâ€™t the best on offer at the moment.Â
My advice would be to avoid purchasing this property at Â£110,000, it is overpriced and you can purchase a much larger property for a similar price.Â